VOV.VN - The local garment and textile sector is targeting an export turnover of US$39 billion this year, marking increases of 11.2% and 0.2% compared to 2020 and 2019, respectively, according to the Vietnam Textile and Apparel Association (VITAS).

VOV.VN - With export turnover surging by 11% to reach approximately US$32 billion during the past 10 months of the year, the local garment and textile industry is anticipated to rake in roughly US$38 billion this year, according to the Vietnam Textile and Apparel Association (Vitas).

The Taiwan Textile Roadshow has been held from October 6-7 directly in Hanoi and in the online format via Zoom, aiming to strengthen cooperation between Vietnam and Taiwan (China) in the textile and garment sector.

VOV.VN - Depending on the amount of exports exceeding the threshold, Vietnamese textile and garment products are set to be subject to the most favoured nation (MFN) tax rate for a period of six months or nine months.

VOV.VN - The Vietnamese garment and textile sector has found itself in dire straits to meet its US$39 billion export target this year as it is now facing supply chain disruption, order shifting to rivals and a shortage of workers as a result of the COVID-19 pandemic, according to industry insiders.

Garment products from Taiwan (China) will be showcased at the Taiwan Textile Roadshow held in Hanoi from October 6-7 at the Hanoi International Exhibition Centre at 91 Tran Hung Dao Street.

VOV.VN - Vietnam's exports to the Australian market during the past eight months of the year increased by 18.7% to reach over US$2.77 billion compared to the same period from last year, according to statistics released by the General Department of Vietnam Customs.

VOV.VN - The Taiwan Textile Federation (TTF) are set to host an online trade exchange from October 6 to October 7 in order to introduce the Vietnamese textile and garment industry and business opportunities between enterprises from both countries.

Vietnam’s garment-textile and footwear have borne the brunt of COVID-19 and firms in the sectors may take a long time to recover, experts said.

VOV.VN - Vietnamese export turnover to the United States is anticipated to surpass the US$96 billion mark this year as the trade surplus reaches highs of US$81 billion, according to industry insiders.